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  • Bloomberg: BlackBerry Breakup is Possible


    Breaking up may be hard to do, but it may be BlackBerry's only viable option to save what's left of this smartphone maker's sinking ship.

    According to sources close to the Canadian company, if the recently-reached deal with Fairfax Financial to go private doesn't materialize, BlackBerry may break up.

    BlackBerry Ltd. (BB) is more open to a breakup of the company amid concerns that Fairfax Financial Holdings Ltd. may be unable to line up funding or partners for a $4.7 billion buyout, a person with knowledge of the matter said.
    What we're told is that the companies recently approached by BlackBerry advisers to potentially get involved are said to be only interested in parts of the company.

    "A breakup would let parties bid for BlackBerry’s most valuable pieces, such as its patents or enterprise network," sources tell Bloomberg.

    “If you break up the company, you’re going to get more than the company is worth right now,” said Sachin Shah, a strategist in special situations and merger arbitrage. “Breaking it up sounds more appetizing for all involved."

    Source: BlackBerry
    This article was originally published in forum thread: Bloomberg: BlackBerry Breakup is Possible started by Michael Essany View original post
    Comments 8 Comments
    1. bigboyz's Avatar
      bigboyz -
      Ouch BB! You should have made moves 5 years ago..when you were still somewhat relevant. Looks like its too little too late. Very sad how the once king of mobile communications is pretty much well...dead.
    1. Scotty Manley Silberhorn's Avatar
      Scotty Manley Silberhorn -
      Quote Originally Posted by bigboyz View Post
      Ouch BB! You should have made moves 5 years ago..when you were still somewhat relevant. Looks like its too little too late. Very sad how the once king of mobile communications is pretty much well...dead.
      That just shows how fast paced the market is. BB was THE phone to have 5 years ago. People thought the iPhone was going to fail. Android wasn't really a public option. BB did the wrong thing in thinking that business's would never switch away from them, they should've made better products for the general public. Who knows, they may have killed the iPhone IF the would've appealed to the general public back then. I'm glad they didn't, I love iPhone. Although my iOS keeps crashing on my 5s. Hopefully Apple gets their crap together and doesn't make the same mistake BB did.
    1. dsjarvis's Avatar
      dsjarvis -
      Same could happen to Nokia if they insist on putting windows in their devices
    1. Scotty Manley Silberhorn's Avatar
      Scotty Manley Silberhorn -
      Quote Originally Posted by dsjarvis View Post
      Same could happen to Nokia if they insist on putting windows in their devices
      I think you missed the news that Microsoft is going to buy Nokia.
    1. steve-z17's Avatar
      steve-z17 -
      Quote Originally Posted by bigboyz View Post
      Ouch BB! You should have made moves 5 years ago..when you were still somewhat relevant. Looks like its too little too late. Very sad how the once king of mobile communications is pretty much well...dead.
      Yeah it's crazy, I don't know how they could see everyone moving in one direction and just sit there with their thumb up their butt making glorified email checking devices...I think they could have had a decent chuck of the smartphone market had they actually done something about it!
    1. DieselVexx's Avatar
      DieselVexx -
      To much of a learning curve for me ever to like em. I want to think that email thingy and it having the status of the "It Phone" is what made it so attractive to the business world. Who seriously took a phone that started off as a music player as a real contender. The iphone was like a grass root phenomenon that shot through the stratosphere. I only bought the first one to be different. And everyone that played with it loved it. That's when I knew It was the end for all competition. So long BB. Can't say I'll miss you but can tell ya I knew it was coming years ago.
    1. Perceptum's Avatar
      Perceptum -
      Quote Originally Posted by dsjarvis View Post
      Same could happen to Nokia if they insist on putting windows in their devices
      Sounds like you never actually used Windows on a phone.

      Quote Originally Posted by DieselVexx View Post
      To much of a learning curve for me ever to like em. I want to think that email thingy and it having the status of the "It Phone" is what made it so attractive to the business world. Who seriously took a phone that started off as a music player as a real contender. The iphone was like a grass root phenomenon that shot through the stratosphere. I only bought the first one to be different. And everyone that played with it loved it. That's when I knew It was the end for all competition. So long BB. Can't say I'll miss you but can tell ya I knew it was coming years ago.
      That "email thingy" was gold to companies, instant secure email communications.
    1. AGIAMIU's Avatar
      AGIAMIU -
      Dead and soon be gone. To bad that ignored the competition and now is payback time. BB was sure of their contract with various governments and big corporate and fail to keep up with the quick changes in mobility hardware/software. When they come out of the sleep it was already to late. I never liked BB anyway